Is Skillman, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Skillman was a Seller's Market.
Housing Prices in Skillman, NJ
How much do homes in Skillman, NJ cost?
Median Sold Price
$975,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Skillman was $975,000 in February 2024, up 9.2% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $625K | $470K | -24.8% |
3 Bedrooms | $614K | $673.5K | +9.7% |
4 Bedrooms | $940K | $1.0M | +11.7% |
5+ Bedrooms | $1.2M | $1.1M | -14.4% |
Summary: Skillman housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
Princeton Township | $677K | $772.3K | +14.1% |
Skillman | $892.5K | $975K | +9.2% |
Montgomery Township | $804.7K | $830.2K | +3.2% |
Housing Supply in Skillman, NJ
How many homes are available in Skillman, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
33 | 37 | +12.1% |
Summary: The Skillman real estate market had 37 homes for sale in February 2024, a 12.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Skillman housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Skillman in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Skillman, NJ
How long does it take to sell a home in Skillman, NJ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
64 Days | 25 Days | -61.2% |
Summary: Homes in Skillman had an average of 25 days on market in Feb 2024, down by 61.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Skillman; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.